Top 29%
Are there any stocks or mutual funds which offer a better return than PGPM over the next 12-18 months? I have looked long and hard but with few exceptions it looks like PGPM is top of the heap. Any gurus have a stock pick that can challenge PGPM?
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
Top 1%
guliamo
Jun 04 at 2:38 ET
I don't like mutual funds. I think it's a basically flawed financial product. When a fund manager wants to buy because prices are cheap.. that's usually when he needs to sell because people want out.. when prices are high and the fund manager wants to sell, he can't because people are buying into the fund... this is an inherent disadvantage and mutual funds are only for people who can't run their own portfolio... in my mind..
Top 1%
verushka1
Jun 05 at 1:12 ET
I could be wrong but it looks like PGPM only has eight tenants and holds very large mortgages. I don't know who their mortagees are.
In this enviornment, I would worry about a mtg. default.
For high dividends look at the Canadian Royalty Trusts.
Top 29%
pilgrimoil
Jun 05 at 7:18 ET
Guliamo and Verushka1, thanks for your comments. Very insightful, I appreciate the input very much.
Top 1%
guliamo
Jun 06 at 11:22 ET
In continuance with verushka's insights.. I agree that REIT's are a more fitting financial structure to invest in. I also like Canadian REIT's, as they enjoy certain tax breaks that will last till 2011. I recommend that you take a look a PWE - It's a Canadian Oil and energy trust with a 13% Dividend yield.. with the way oil prices are holding up, they will continue to deliver this dividend for a good while. Cheers.